R&R Releases Report on Legal Framework of Pharmaceutical Sector in Egypt

March 9, 2017
Our Partner and her team released a summary report outlining the legal structure of the pharmaceutical sector in Egypt.

R&R Contributes to the World Bank Report on PPP

March 8, 2017
Riad & Riad Contributes to Egypt's section in the Word Bank Benchmarking Public-Private Partnership Procurement Report.

Transportation of Goods by Egyptian Railways

March 7, 2017
The Minister of Transportation issued Decree no. 722 of 2016 regarding the Rules of Transportation of Goods by Egyptian Railways has been published in the Official Gazette on 15 February 2017.

Significant Amendments to Egypt’s Importers Register Law

March 7, 2017
A long waited law is issued on the 7th of March 2017 to amend the Importers Register Law no. 121 of 1982. The amendment aims at reorganizing the importation business in Egypt, establishing a competitive and transpar...

FiT Program in Benban – Amendment of the Cost Sharing Agreement

March 6, 2017
The Feed-in-Tariff Unit at the Egyptian Electricity Transmission Company (EETC) announced today to the developers in Round 1 and Round 2 of the FiT Program the estimated increase in the cost of the interconnection w...

Egypt FiT Program – Winning Developers in Round 1 Announced

March 6, 2017
The Egyptian Electricity Transmission Company (EETC) has finally announced the developers who succeeded to achieve financial closure under Round 1 of the feed-in tariff program in Benban, in Upper Egypt. The develop...

Opportunities And Challenges In Egypt’s New Industrial Zones

March 6, 2017
In a roundtable organized by the British Egyptian Business Association, our partner, Dr. Fatma Salah, spoke about the regulatory challenges facing the manufacturing sector in Egypt.

FiT Program – Round II

February 21, 2017
The Feed-in-Tariff Unit at the Egyptian Electricity Transmission Company (EETC) invited qualified developers of PV and wind projects yesterday, 20 February 2017, to discuss and coordinate for Round II of the FiT pro...

تعديل أحكام قانون إنشاء لجان التوفيق في المنازعات

February 16, 2017
أصدر مجلس الشعب بتاريخ بتاريخ 5 فبراير 2016 القانون رقم 6 لسنة 2017 بشأن تعديل مواد القانون رقم 7 لسنة 2000 والصادر بإنشاء لجان التوفيق في المنازعات التي تكون الوزارات والأشخاص الاعتبارية العامة طرفًا فيها.

January 2017 Newsletter

January 25, 2017
Legal Updates and Riad and Riad news.

Riad and Riad Participates in the Discussion of the New Draft Labor Law

January 24, 2017
A draft new law on labor and employment is under discussion by the Government to replace the current Labor Law no. 12 for 2003.

Harsher Penalties for Using Foreign Currency in Local Dealings

January 24, 2017
Article (126) of the Central Bank and Banking Sectors Law no. 88/2003 (Banking Law) was amended to impose harsher penalties for violations of the requirement to deal in EGP locally.

Amendment to the Tenders and Bids Law

January 24, 2017
In response to price increases resulted from free floating the Egyptian currency last November, the Minister of Finance issued Decree No. 426 of 2016 to amend the Executive Regulation of the Tenders and Bids Law.

The Establishment of the National Food Safety Authority

January 24, 2017
The first law issued by the Parliament in 2017 is a long-waited one establishing a central regulatory authority to be responsible for food safety, it is the National Food Safety Authority (NFSA).

Rules of Free Allocation of Industrial Land Plots in Upper Egypt

January 23, 2017
On 5 January 2017, the Prime Minister issued decree no. 42 of 2017 determining the technical and financial requirements that must be met by a qualified investor to receive free industrial lands in Upper Egypt.

New Maritime Transportation Regulations

January 23, 2017
On December 14, 2016, the Minister of Transportation issued Decree No. 800 of 2016 regulating maritime transportation-related works and the applicable fees. Such Decree replaces Decrees No. 180, 73, 332, 520 and 521...

Riad and Riad Opines on the New Draft Investment Law

January 22, 2017
The Egyptian government is working on a draft new investment law. The draft law is said to aim to bolster investor confidence, eliminate bureaucracy, ease the licensing procedures and attract foreign investment.

New Media and Press Law

January 22, 2017
On December 24, 2016, Law No. 92 of 2016 was issued for the Institutional Regulation of Press and Media. The Law cancels the Radio and Television Union Law No. 13 of 1979 and chapter four of the Press Law No. 96 of...

Establishment of the Supreme Council of Investment

January 22, 2017
On 16 October 2016, the Presidential Decree no. 478 of 2016 was issued to establish the Supreme Council of Investment.

Riad and Riad Advises on the BOO 200 MW PV Power Project in WEST Nile

January 21, 2017
R&R has been recently appointed to advise and represent one of the bidders in the tender for a 200MW BOO (build-own-operate) PV plant project at West of Nile. The project will be located in the West Nile region of E...

Adjustment of Foreign Currency Prices for Tax Purposes

January 21, 2017
On 22 December 2016, the Minister of Finance issued Decree No. 418 of 2016 determine the difference between the official and parallel market prices of the foreign currencies for purposes of calculating income taxes...

Release of the Executive Regulations of the Movable Collateral Law

January 20, 2017
On 15 December 2016, the Ministry of Investment passed the Executive Regulations of the Movable Collaterals Law no. 115/2015 which was passed a year ago on 15 November 2015 (Movable Collaterals Law).

Seminar on CG to the Japanese Business Community

January 19, 2017
Our partner Dr. Fatma Salah gave a seminar to the Japanese business community on the Egyptian corporate governance rules.

Commentary on the Draft Law on Development of Vehicles Industry and its Related Feeders Industries

December 21, 2016
A draft law on the Development of Vehicles Industry and its Feeders Industries (“Draft Law”) has been recently issued by the Ministry of Trade and Industry and submitted to the Egyptian House of Representatives for...